Core Viewpoint - A group of legislators, led by Senator Elizabeth Warren, is introducing the Price Gouging Bill of 2025 to combat price gouging by large corporations amid rising inflation and increasing tariffs [1][2]. Group 1: Legislative Details - The Price Gouging Bill of 2025 aims to make price gouging illegal and empower the Federal Trade Commission (FTC) and state attorneys general to litigate against alleged market abuses [2][6]. - The bill requires companies with over $100 million in revenue to report any price changes exceeding the average price from the previous 120 days, along with details on product costs and margins [6]. - An additional $1 billion in funding will be allocated to the FTC to enforce the new price gouging law [7]. Group 2: Economic Context - The proposed legislation follows a resurgence of inflation as indicated by the June consumer price index and the ongoing impact of tariffs [2][4]. - Corporations, including Costco and Best Buy, have cited tariffs as a reason for price increases during their second-quarter earnings calls [9]. Group 3: Political Statements - Senator Warren criticized President Trump's tariff policies for enabling corporations to raise prices excessively, claiming that the bill is a chance for Congress to protect families from corporate abuse [4][8]. - Senator Baldwin emphasized that the bill aims to address corporate greed and the rising costs of everyday items affecting families [8]. Group 4: Support and Criticism - The bill has garnered support from labor organizations like the AFL-CIO and United Steelworkers, who believe it is overdue [10]. - There has been criticism of price gouging policies from both political sides, with some arguing that such measures may not be sound economics [11].